2024-04-24 15:57:22
Dow Jones Indexcontinuously adjusted downwards Recently, it fell by more than 100 points, under pressure from the rebound in yield rates.government bondsUNITED STATES
As of 10:43 p.m. Thai time, the Dow Jones Industrial Average was at 38,354.96 points, down 148.73 points or 0.39 percent.
The yield on the 10-year U.S. Treasury note jumped above 4.6% in today’s trading. Meanwhile, investors are keeping an eye on economic numbers for signs indicating the direction of U.S. interest rates.
Markets will be watching results from several major companies this week, including Intel Corp., Microsoft Corp., Apple Inc. and Alphabet Inc., while Meta Platforms Inc. will reveal its results after the market closes today.
More than 25% of S&P 500 companies have reported their first quarter 2024 results, and 79% of them are beating analyst estimates.
Investors will also be watching the release of the Personal Consumer Expenditures (PCE) Price Index on Friday, which will indicate the direction of U.S. interest rates.
The PCE index is the Fed’s preferred measure of inflation. Because it can detect changes in consumer behavior and covers prices of goods and services more broadly than the Consumer Price Index (CPI).
Analysts expect the overall PCE index, which includes food and energy categories, to rise 2.6% in March year-on-year, up from 2.5% in February.
On a monthly basis, the general PCE index is expected to have increased by 0.3% in March compared to 0.3% in February.
As for the Core PCE Index (Core PCE), which does not include food and energy categories. It is expected to increase by 2.6% in March year-on-year, compared to 2.8% in February.
On a monthly basis, the core PCE index is expected to have increased by 0.3% in March compared to 0.3% in February.
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